Silvercrest Asset Management Group LLC Increases Position in Zeta Global Holdings Corp. (NASDAQ:ZETA)

Silvercrest Asset Management Group LLC increased its stake in shares of Zeta Global Holdings Corp. (NASDAQ:ZETA) by 11.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,141,611 shares of the company’s stock after buying an additional 113,674 shares during the quarter. Silvercrest Asset Management Group LLC owned about 0.52% of Zeta Global worth $12,478,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in ZETA. Praesidium Investment Management Company LLC grew its holdings in shares of Zeta Global by 1,549.5% during the fourth quarter. Praesidium Investment Management Company LLC now owns 6,181,328 shares of the company’s stock valued at $54,519,000 after buying an additional 5,806,578 shares during the last quarter. Capital World Investors acquired a new position in Zeta Global during the fourth quarter valued at $23,560,000. Ophir Asset Management Pty Ltd acquired a new position in Zeta Global during the fourth quarter valued at $19,682,000. Massachusetts Financial Services Co. MA acquired a new position in Zeta Global during the fourth quarter valued at $18,664,000. Finally, Granahan Investment Management LLC lifted its position in Zeta Global by 15.3% during the fourth quarter. Granahan Investment Management LLC now owns 8,112,729 shares of the company’s stock valued at $71,554,000 after purchasing an additional 1,076,208 shares during the period. 75.82% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on ZETA shares. Oppenheimer boosted their target price on shares of Zeta Global from $18.00 to $20.00 and gave the company an “outperform” rating in a research report on Tuesday, July 9th. Barclays boosted their target price on shares of Zeta Global from $15.00 to $18.00 and gave the company an “overweight” rating in a research report on Tuesday, May 7th. Needham & Company LLC boosted their target price on shares of Zeta Global from $18.00 to $20.00 and gave the company a “buy” rating in a research report on Monday, June 17th. Canaccord Genuity Group upped their price objective on shares of Zeta Global from $17.00 to $20.00 and gave the stock a “buy” rating in a research report on Wednesday, June 26th. Finally, Royal Bank of Canada began coverage on shares of Zeta Global in a research report on Tuesday, June 25th. They issued an “outperform” rating and a $20.00 price objective for the company. Thirteen research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $21.42.

Zeta Global Stock Up 0.3 %

ZETA opened at $20.98 on Wednesday. Zeta Global Holdings Corp. has a twelve month low of $7.24 and a twelve month high of $21.64. The company has a quick ratio of 1.89, a current ratio of 1.89 and a debt-to-equity ratio of 0.96. The company has a 50-day moving average price of $17.65 and a 200 day moving average price of $13.65. The company has a market cap of $4.59 billion, a PE ratio of -19.79 and a beta of 1.23.

Zeta Global (NASDAQ:ZETA) last announced its quarterly earnings data on Monday, May 6th. The company reported ($0.23) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.25) by $0.02. Zeta Global had a negative net margin of 22.20% and a negative return on equity of 101.48%. The company had revenue of $195.00 million during the quarter, compared to analysts’ expectations of $187.16 million. During the same quarter in the prior year, the company earned ($0.38) EPS. Zeta Global’s revenue was up 23.7% compared to the same quarter last year. Sell-side analysts expect that Zeta Global Holdings Corp. will post -0.37 earnings per share for the current fiscal year.

Zeta Global Company Profile

Zeta Global Holdings Corp. operates an omnichannel data-driven cloud platform that provides enterprises with consumer intelligence and marketing automation software in the United States and internationally. The company's Zeta Marketing Platform analyzes billions of structured and unstructured data points to predict consumer intent by leveraging sophisticated machine learning algorithms and the industry's opted-in data set for omnichannel marketing; and Consumer Data platform ingests, analyzes, and distills disparate data points to generate a single view of a consumer, encompassing identity, profile characteristics, behaviors, and purchase intent.